Islip Town Supervisors Urge State Tax Cap Adjustments Due to Fiscal Strain

Islip town supervisors are requesting that the state loosen the tax cap formula, arguing the current 2 percent limit on property tax increases is too restrictive. The leaders stated that rising costs for fuel, supplies, and employee pensions have made it difficult to remain within the cap. The request was made as officials face a November 20 deadline to enact new budgets under state law.

The issue centers on the state's property tax cap, which does not automatically rise when inflation exceeds the threshold. The supervisors contend that the formula should allow for the cap to rise if inflation is above 2 percent.